• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Indonesia, Apple Agree Terms For Lifting iPhone Sales Ban: Report
Finance

Indonesia, Apple Agree Terms For Lifting iPhone Sales Ban: Report

February 26, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
New iPhone Still Barred From Sale in Indonesia Despite Apple Investment
Share
Facebook Twitter LinkedIn Pinterest Email

Indonesia and the U.S. tech giant Apple have agreed on terms to lift the country’s ban on the sale of the latest model of iPhone, which involves a previously announced $1 billion investment in manufacturing facilities in the country.

According to a report published yesterday by Bloomberg, which quoted “people familiar with the matter,” Indonesia’s Ministry for Industry “is set to sign a memorandum of agreement with Apple as soon as this week.” The report added that the ministry “intends to issue a permit allowing iPhone 16 sales as soon as possible.”

Jakarta announced the ban in October, on the grounds that Apple had failed to fulfill its local content requirements, which require certain smartphone handsets to contain at least 40 percent locally manufactured components. The purpose of the local content rules is to force foreign companies to make substantial investments that transfer technology to Indonesia and create high-quality jobs. Jakarta also banned Google’s Pixel smartphones on the same grounds.

Apple has since made a number of attempts in a bid to rescind the iPhone 16 sales ban, which threatened to lock it out of the world’s fourth-largest mobile phone market. It initially offered to invest $100 million in building an accessory and component manufacturing plant in the country, but the Indonesian government said this was insufficient. Apple then promised to invest $1 billion, including in an AirTag production facility on the island of Batam, which is expected to begin operations in 2026. While Indonesia welcomed the investment, it said that this was also not enough to reverse the iPhone ban, with Industry Minister Agus Gumiwang Kartasasmita pointing out that AirTag production “has no direct relations” with the manufacturing of iPhones.

See also  Chinese Financial System Poised To Hemorrhage Even More Foreign Cash In 2024, Report Says

Earlier this month, Nikkei Asia reported that Apple was exploring the possibility of manufacturing iPhones in Indonesia, a development that “would mark Apple’s first-ever iPhone production in the Southeast Asian nation, where it has almost no supply chain ecosystem.”

According to the Bloomberg report, Apple “has no immediate plans to start making iPhones in the country.” However, in addition to the previously announced $1 billion investment, which also includes a plant for the manufacture of Apple components in Bandung, Apple has agreed to “training locals in research and development on the company’s products so they can then develop similar software and design their own goods.” Bloomberg added that this training, which would take place in addition to the existing Apple academies in the country, had succeeded in fulfilling the Indonesian government’s desire to derive more substantial benefits from the tech firm’s investments in the country.

While Apple made up just 7.3 percent of smartphone sales in Indonesia in January, well behind South Korea’s Samsung and China’s Oppo, Xiaomi, and Vivo brands, it stands to benefit a lot from regaining access to the massive Indonesian market.

The reported deal also shapes as a domestic political victory for Indonesian President Prabowo Subianto, showcasing his ability to extract concessions from one of the world’s most powerful companies. At the same time, the fact that Apple has seemingly not conceded on the main Indonesian request – that it set up iPhone manufacturing facilities in the country – suggests that the victory is more partial than it might appear at first glance.

See also  Rubio Publishes Vast COVID-19 Report: ‘Beijing Hid The Truth’
Agree Apple Ban Indonesia iPhone lifting Report sales Terms
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Senator Murphy Tries To Ban Trump’s Meme Coin With ‘MEME Act’

May 6, 2025

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Bills Defensive End Shaq Lawson Confronts, Appears to Shove Fan During Loss to Eagles

November 27, 2023

Why Economic Nationalism Was the Biggest Story of 2024 in Southeast Asia

December 31, 2024

Here’s How Much Americans’ Home Payments Have Increased Under Biden

December 11, 2023

Victoria Alonso Says Disney Fired Her Over Refusal to Censor Gay Flags

April 2, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

‘I Am The Beauty Standard,’ Lizzo Declares In New Video

April 21, 2023

Foxconn faces tax audit, land use probe, Chinese state media reports

October 22, 2023

Purple Discoloration Of Legs Could Be An Unusual Symptom

August 23, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.